Bridge Capital LLC is proposing to develop a $421 million commercial facility, which includes twin towers with a total of 590 hotel rooms, at the former site of Guam Greyhound Raceway Park in Tamuning.

Based on the company’s conceptual plans, the integrated facility complex will also feature an upscale 800,000-square-foot retail establishment and a leisure park.

“We are very excited about this proposed project and believe it will provide a significant addition to the current retail and hospitality options in Guam,” said Philip James, asset director for Bridge Capital and CEO of Invest Guam Regional Center LLC.

James said the company plans to lure investors through the EB-5 visa program to meet its capital requirements for the project.